Case Study: Mainstreet Bank achieves 99% channel success and major operational gains with EdgeVerve Finacle

Transformation for Enhanced Customer value, Operational Efficiency and Competitiveness

Mainstreet Bank, a Nigerian commercial bank with 217 branches, faced severe limitations from a file‑based legacy application that made data extraction and back‑office operations (core banking, CRM, e‑banking and treasury) inefficient and risky. To modernize its platform, improve customer value and competitiveness, Mainstreet Bank selected EdgeVerve to deploy the Finacle (Finacle UBS) core banking solution.

EdgeVerve implemented Finacle using parallel training, automated data validation and accelerated migration, delivering rapid, measurable gains: End‑of‑Day times fell 50% (Mon–Thu) and 87.5% (Fri), EOM runtime dropped 56%, monthly reports now run in 2 hours instead of 3 days, daily transactions scale to ~300,000 with no performance loss, and channel success improved from 60% to 99%. EdgeVerve’s solution also reduced costs and fraud, improved regulatory compliance and time‑to‑market for new products, and materially boosted Mainstreet Bank’s operational and financial performance.

Mainstreet Bank

Kayode Ishola

Chief Information Officer